In USPAP, the appraisal process is divided into which two types of activities?

The appraisal process in USPAP (Uniform Standards of Professional Appraisal Practice) is fundamentally divided into two key activities: development and reporting.

The development phase encompasses all the steps necessary to conduct a credible appraisal. This includes gathering, analyzing, and correlating data relative to the property being valued. The appraiser must consider the purpose of the appraisal, the property characteristics, the market conditions, and applicable valuation approaches during this process.

Following development, the reporting phase involves communicating the appraisal findings to the client or intended users. This report must adhere to USPAP standards, ensuring transparency and clarity of the appraiser's methods and conclusions. This phase is crucial since the quality of the report reflects the professionalism and thoroughness of the appraisal process.

This division into development and reporting ensures that appraisers maintain consistency, rigor, and ethical standards in their work while providing a framework for understanding how appraisals are conducted and communicated. Therefore, the correct pairing of appraisal activities as prescribed by USPAP lies within these two essential components.